The steakhouse restaurant sector has faced a major impact from an increase in beef costs, as steak prices spiked 16% to $12.73 per pound in March 2026, according to data from the Federal Reserve Bank of St. Read more…
Most retirees treat their home equity as a last resort, but a growing body of research suggests that thinking is backward. Used strategically, a home equity conversion mortgage (HECM) line of credit can work as Read more…
Last month, United Airlines CEO Scott Kirby confirmed that he approached fellow “big three” competitor American Airlines about a potential merger after several outlets broke the story on the back-room discussions. While the Dallas-based airline Read more…
BTCUSD fell to the lowest in six weeks on Thursday, with daily loss of over 3% seen on acceleration of the bear-leg that extends into third consecutive day. Fresh rise in oil prices on renewed Read more…
Personal income edged lower by 0.1% month-over-month (m/m) in April, coming in below market expectations for a 0.4% gain. After adjusting for inflation, taxes and transfers, real personal disposable income declined by 0.5% m/m. Consumer Read more…
According to the Bureau of Economic Analysis’s second estimate, the U.S. economy expanded by 1.6% quarter-on-quarter (q/q, annualized) in the first quarter – a bit lower than 2.0% reported in the advance estimate. The downgrade Read more…
Dollar weakened broadly in early US trading today, though price action remained largely rangebound against most major currencies as markets struggled to find a decisive macro direction. Elevated Treasury yields, with the US 10-year yield Read more…
Plenty of bosses promised AI would make work easier. Few mentioned it might also be watching. The technology has crept into hiring software, performance reviews and productivity dashboards faster than most workers can keep up. Read more…
For most of the past decade, the payments industry ran on a single governing idea: move money faster. Speed was the product, frictionlessness was the brand, and whoever built the fastest rails won. That idea Read more…
Amazon is the biggest online retailer in the world. It’s made tens of billions of dollars in profit, and the company uses that cash to finance its businesses and projects for future earnings growth. Despite Read more…